Stinson Leonard Street Sponsors Seminar on Providing Banking Services to Cash Intensive Businesses

01.26.2017

Western Independent Bankers, The Arizona Bankers Association, Stinson Leonard Street and Moss Adams are sponsoring a seminar in Phoenix Jan. 26, 2017. This event is open to financial institutions only and will deal with guiding financial institutions in banking cash intensive businesses—particularly MRBs.

The FDIC (San Francisco), the Federal Reserve Bank of San Francisco, the Office of the Comptroller of the Currency of the Western Region and the Colorado State Bank Commissioner as well as a representative from the Department of Financial Institutions for the state of Arizona will be present.

Topics discussed at this program will include depository relationships, lending to MRBs, lending issues with borrowers that lease space to MRBs, the current regulatory environment, the impact of the recent elections on the MRB industry, and current legal issues in the MRB space.

This will be a timely and informative discussion. Voters in California, Maine, Massachusetts and Nevada recently approved the recreational use of certain substances and the states of Florida, North Dakota and Arkansas approved the medical use hereof. A total of 28 states now permit some form of legalized use and many banks will be affected by this issue.

The seminar will be from 1 p.m. to 4:30 p.m. Jan. 26, 2017 with a cocktail reception to follow at the JW Marriott Camelback Inn Scottsdale Resort and Spa.

The registration fee is $75 for members of Western Independent Bankers or the Arizona Bankers Association, or $125 for nonmembers. 

For more information, or to register, visit WIB's website.